Author: Jane Edwards|| Date Published: February 3, 2021
Amazon’s (Nasdaq: AMZN) cloud computing business recorded a 28 percent increase in revenue during the fourth quarter of 2020, accounting for 10 percent of the total sales of its parent company, CNBC reported Tuesday.
Amazon Web Services saw its Q4 net sales rose from $9.95 billion to $12.7 billion and reported $3.56 billion in operating income, a 37 percent increase from the previous year.
The Seattle-based technology company also announced Tuesday that AWS CEO Andy Jassy will succeed Jeff Bezos as CEO of Amazon in the third quarter of 2021. Bezos will transition to the role of executive chair at the company he founded more than two decades ago.
Jassy is founder of AWS. He joined Amazon in 1997 and has held leadership positions across the company since then.
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
Jim Kelly, senior systems engineering manager at HPE Juniper Networking, said agentic artificial intelligence could help government agencies move toward…
AeroVironment has acquired Empirical Systems Aerospace, or ESAero, a producer of unmanned aircraft systems and advanced air mobility platforms, or AAM,…
